Ok

PissInside:
It's actually favouring we online earners.

I sold $100 Bitcoin yesterday and got 86,000.

oya enter market and see what you can buy with it. It favors no one jare.

You are just better off when compared to those earning stagnant salaries.

This man is very determined to break buharis records in record time

PissInside:
It's actually favouring we online earners.

I sold $100 Bitcoin yesterday and got 86,000.

How much u dey spend on expenses? Hehehe. Or do u know the meaning of favouring?

My fellow agbado people what is happening

Those who were telling Nigerians how Tinubu is the smartest person alive to be President can now see that even the semi literate Buhari was far better than Tinubu.
When we warned Nigerians against voting Tinubu (just like we warned against voting Buhari), they called us 'IPOB'.

Wahala, now the whole Country is facing economic hardship.

Kindly, check my signatures for new updates.

It is well....

Hmmm naija what a country

#DAY 54 (STOLEN MANDATE)
PRAYER: Lord give us the leader we voted for.
Petrol is now #630
Dollar is now over #800
We don't want a NEBUCHADNEZZAR

slawomir:
Damnnn niggar

Good news this morning

Which means petrol go soon enter 800 per litre

Dr unanever C. Enitin says hi from Benin city
Barr unago C. Shege says hello from enugu

See this one cutting his nose to spite his face. Tell me after the nonsense you wrote, if you wouldn't still buy the fuel like others. You dey suffer but you dey happy say Tinubu dey mess up like say after Tinubu Nigeria no dey again.

It can bro. what it cant take is the clueless druggie at the helm of affairs

oluwaseyi0:
Seems Nigeria economy can't take fuel subsidy and floating of currency at the same time

omoh..........honestly,i taught dis people(APC)were joking wen they said tinubu will continue frm were buhari stoped..


truth be told,i'm begining to miss buhari.


dis tinubu wen i dey see so,go worst pass buhari...

Surely it will hit 2000 per dollar soon

slawomir:
Damnnn niggar

Good news this morning

Which means petrol go soon enter 800 per litre

Dr unanever C. Enitin says hi from Benin city
Barr unago C. Shege says hello from enugu

You remain the most foolish person on nairaland presently. You don't need you to tell us, we already knew that you Senseless lots happy about bad things , bad news is always good news to you all but what you forgot to know is that , everything happening is expected, Nigeria will be great , you all will be put to shame.

ATEAMS:
Good morning.... regardless of all that we go through...

Don't forget

Happiness keeps you sweet.
Trials keep you strong.
Sorrows keep you human.
Failure keeps you humble.
Success keeps you glowing.
But only Faith keeps you going

Cheers

So what keeps food on the table,money in the pocket, rent paid, petrol cost affordable, school fees paid and insecurity problems solved?

Wahala

Even the cost of corn 🌽 has increased

Faber:
Thank God say I dey make money in dollars...Thank God for Sunday Emedion...who introduced me to making money online in 2015...

Bro wherever you are God bless you richly...I lost your contact and it still pains me till today.

Back to the matter...una never see something, dollar go hit 1500 before December

Please sir can I message you?

Thank God I earn in dollars, the higher the rate the more money I earn. This will favor me and my family. If you are not earning in dollars enjoy the renewed shege in peace

oluwaseyi0:
Seems Nigeria economy can't take fuel subsidy and floating of currency at the same time

Exactly. The City Boy was obviously a village boy compared to Obi when it comes to understanding the dynamism of economic variables.
You don't devalue your currency and leave it to float on the dictates of forces of demand and supply when you are importing, prices of imported goods like petrol will continue to skyrocket at alarming rate. No Volume of dollar you inject Into Nigerian economy will saturate it. People thinking that fuel price will end at #617 per liter should wake up. Recent changes in exchange rate to dollar will manifest in upward price changes soon.

004gist:



where is the dollar to buy self?

the floating of the Naira is a great threat to the existence of the poor in Nigeria.
you float naira and remove subsidy at sam time.... jesus



without black market you won't able to source fx at a given time..

its like going to access a service in a government hospital with long queue to see the specialist which might take anytime from 2months.

are u willing to go to bank to wait 2 to 3 months to get Dollars? or you walk to the close by black market and get it today today as time is money
.

black market will exist as long as there is scarcity of dollars in the bank.

same way private hospital will thrive once you can't access same service in government hospitals on time

U don't understand what I am saying. Tinibu said he has floated the naira and unified the exchange in the first 1 week of his regime.

Why are we still having two separate exchange rates?

He dragged the official rate from about 400 to equal the then black market rate of about 750 so that there is no more black market rate.

So what is happening today?

babaalagbo11:
Hmmm naija what a country

omoh.........i swr dis con3 dn tire me.

See, provided there is still arbitrage between the official market rate and black market rate, someone is taking advantage of Us.

If I can buy from banks at say 750, I will want to quickly sell to black market at 840. Even with a 90 naira arbitrage, I will gain 90 million naira if I sell one million dollars today.

I don't know why CBN is behaving funny like they don't know our political leaders can use this or are even using this gap to their personal selfish gain.

The solution to this is to allow everyone buy and sell dollars at the bank. If we have access to dollars at the official bank rate, no body will go to black market selling at a higher price. This will force the black market rate to come down very close to the official rate.

If we have any arbitrage between the two markets, the highest gap should be 5 naira..... My take

clinician2x:
I thought they said tinubu unified the naira dollar exchange rate and there's no more black market. Why are we still talking about black market and what exactly did tinubu do?

my broda i no understand this a.gbadorian gofment of deception fa!!!


na them take their rotten teeth smelling tongue tell us say them don float naira that there is no more forex dual gate!

now we are still hearing black market!


THIS CBN GOVERNOR WILL MAKE EMEFIELE LOOK LIKE A GENIUS!

AND WHITE POWDER SNIFFING DRUGLORD WILL MAKE BUHARI LOOK LIKE BEST THING AFTER MOI-MOI!

sihamey:
Thank God I earn in dollars, the higher the rate the more money I earn. This will favor me and my family. If you are not earning in dollars enjoy the renewed shege in peace

I don't expect you to talk like this, you enjoy this grace of God doesn't mean you wish other negativity....

Nigerian money is not shit money.

oluwaseyi0:
Seems Nigeria economy can't take fuel subsidy and floating of currency at the same time

It is a bad combo. Nobody does that. There's a saying that "if you want to eat an elephant you have to start from somewhere". Combining the subsidy and naira float is like swallowing the whole elephant which of course will choke.

The Jagaban is working